Mary Stabler Sells Multifamily Property At 10211-10215 England Avenue For $2.075M With Brokers Aaron Es-haghian And Cameron Samimi
10211 England Avenue & 10215 England Avenue
$2,075,000
$169/SF
Building Size
12,240 SF
Asset Type
MultiFamily
Closing
May 2, 2025
AI
The asset involved in this transaction is a multifamily property located at 10211-10215 England Avenue in Inglewood. The sale price was $2,075,000 for a total of 8 units, each consisting of 1-bedroom units. The total square footage of the property is 6,120, resulting in a price per unit of $259,375 and a price per square foot of $339. Additionally, the property was delivered with 50% of the units vacant.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,075,000
- Number of Units: 8
- Price Per Unit: $259,375
- Square Footage: 6,120
- Price Per Square Foot: $339
- Seller: Mary Stabler
- Buyer's Representative: Cameron Samimi - Lyon Stahl Investment Real Estate
- Seller's Representative: Aaron Es-haghian - Marcus & Millichap
This transaction marks the closing of two adjacent 4-unit properties. The broker's note expresses pleasure in announcing this deal, highlighting the vacant status of the units at the time of delivery.
Players
Inglewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93